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Technical words

ROUTING CODE

SWIFT CODE

IFSC CODE

BSR CODE

BIC CODE

NEFT

RTGS

What is SWIFT CODE?
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) (also
known as ISO 9362, SWIFT-BIC, BIC code, SWIFT ID or SWIFT code) is a standard
format of Business Identifier Codes approved by the International Organization
for Standardization (ISO). It is a unique identification code for both financial
and non-financial institutions. (When assigned to a non-financial institution, a
code may also be known as a Business Entity Identifier or BEI.) These codes are
used when transferring money between banks, particularly for international wire
transfers, and also for the exchange of other messages between banks. The codes
can sometimes be found on account statements. SWIFT and BIC codes are basically
the same.
The SWIFT code is 8 or 11 characters,

Example: BBBBUS3M889

BBBB 4 letters: Institution Code or bank code.

US 2 letters: ISO 3166-1 alpha-2 country code

3M 2 letters or digits: location code

If the second character is "0", then it is typically a test BIC as opposed
to a BIC used on the live network.

If the second character is "1", then it denotes a passive participant in the
SWIFT network

If the second character is "2", then it typically indicates a reverse
billing BIC, where the recipient pays for the message as opposed to the more
usual mode whereby the sender pays for the message.

489 last 3 letters or digits: branch code

Where an 8-digit code is given, it may be assumed that it refers to the primary
office.
SWIFT Code State Bank of India (SBI) Itwari-Nagpur Branch Nagpur , Maharashtra

SWIFT Code of State Bank of India (SBI) Itwari-Nagpur Branch is used to Transfer fund to International banks. SWIFTCode of State Bank of India (SBI) Itwari-Nagpur Branch Nagpur , Maharashtra is
provide the broadest coverage of national bank identifiers. SWIFT Code is
identifying State Bank of India (SBI) Itwari-Nagpur Branch Nagpur , Maharashtra State branches. SWIFT Code of State Bank of India (SBI) Itwari-Nagpur Branch is unique for each branch in
Nagpur , Maharashtra State.

What is IFSC CODE of State Bank of India (SBI) Itwari-Nagpur Branch, Nagpur District, Maharashtra State

The Indian Financial System Code (IFSC) is an alphanumeric code that uniquely
identifies a Bank-Branch participating in the two main Electronic Funds
Settlement Systems in India: the Real Time Gross Settlement (RTGS) and the
National Electronic Funds Transfer (NEFT) systems. IFSC is used by the NEFT &
RTGS systems to route the messages to the destination banks / branches.
Bank-wise list of IFSCs is available with all the bank-branches participating in
interbank Electronic Funds Transfer. List of bank-branches participating in
NEFT/RTGS and their IFSCs is available on the website of RBI &
www.ifscswiftcodes.com also.

Itwari-Nagpur IFSC Code consists of 11 Characters:

SBIN0000518

First 4 characters represent the entity (SBIN#######)

Fifth position has been defaulted with a '0' (Zero) for future use
(####0######)

Last 6 character denotes the Itwari-Nagpur branch identity (#####000518)

Basic Statistical Return (BSR) Income Tax Department's initiative to receive information and maintain records of tax paid through banks through online upload of challan details is named as OLTAS (Online Tax Accounting System).
The collecting bank branch will put a rubber stamp on the challan and its counterfoil indicating a unique Challan Identification Number (CIN) comprising of seven digit BSR Code allotted by RBI to that bank branch, the date of deposit (dd/ mm/ yy i.e. six digits), and the challan serial number in 5 digits. CIN will, therefore, be unique for each challan through out the country and will be used for identifying the challan in the OLTAS.